STOCK TITAN

First Community (NASDAQ: FCCO) director adds 1,004 deferred stock units via compensation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

First Community Corporation director Thomas Carlton Brown increased his equity-based compensation position through a deferred stock unit grant. He was credited with 1,004 deferred stock units for the first quarter of 2026, calculated using a First Community common stock consolidated closing bid price of $29.17 on March 31, 2026. Following this award, he directly holds a total of 41,422 shares and deferred stock units, including 9,827 deferred stock units that accrue dividend equivalents in the form of additional deferred stock units. Each deferred stock unit will convert into one share of First Community common stock upon distribution from the Non-Employee Director Deferred Compensation Plan.

Positive

  • None.

Negative

  • None.
Insider BROWN THOMAS CARLTON
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 1,004 $29.17 $29K
Holdings After Transaction: Common Stock — 41,422 shares (Direct)
Footnotes (1)
  1. The reporting person has elected to defer compensation in the form of deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"). Pursuant to the terms of the Plan, the reporting person was credited with 1,004 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the first quarter of 2026 divided by the First Community Corporation common stock consolidated closing bid price of $29.17 on March 31, 2026. Includes 9,827 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 48 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the first quarter of 2026. Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units, and shares of First Community Corporation common stock will be issued on a one-for-one basis in respect of deferred stock units upon a distribution from the Plan.
Deferred stock units granted 1,004 units Compensation deferred for Q1 2026
Reference share price $29.17 per share Consolidated closing bid on March 31, 2026
Total holdings after transaction 41,422 shares/units Common stock plus deferred stock units after award
Deferred stock units outstanding 9,827 units Deferred stock units under director deferred compensation plan
Dividend equivalent units credited 48 units Additional deferred stock units from dividend equivalents in Q1 2026
deferred stock units financial
"The reporting person has elected to defer compensation in the form of deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Non-Employee Director Deferred Compensation Plan financial
"under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan")"
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BROWN THOMAS CARLTON

(Last)(First)(Middle)
5455 SUNSET BLVD

(Street)
LEXINGTON SOUTH CAROLINA 29072

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
FIRST COMMUNITY CORP /SC/ [ FCCO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/31/2026A1,004(1)A$29.17(1)41,422(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The reporting person has elected to defer compensation in the form of deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"). Pursuant to the terms of the Plan, the reporting person was credited with 1,004 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the first quarter of 2026 divided by the First Community Corporation common stock consolidated closing bid price of $29.17 on March 31, 2026.
2. Includes 9,827 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 48 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the first quarter of 2026. Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units, and shares of First Community Corporation common stock will be issued on a one-for-one basis in respect of deferred stock units upon a distribution from the Plan.
/s/ D. SHAWN JORDAN, AS ATTORNEY-IN-FACT04/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did FCCO director Thomas Carlton Brown report?

Thomas Carlton Brown reported an acquisition of 1,004 deferred stock units. These units were credited as part of a non-employee director deferred compensation arrangement for the first quarter of 2026, based on a First Community common stock price of $29.17 per share.

Was the FCCO Form 4 transaction an open-market buy or a compensation award?

The Form 4 shows a compensation-related award, not an open-market purchase. Brown elected to defer director compensation into deferred stock units under the company’s Non-Employee Director Deferred Compensation Plan for the first quarter of 2026.

How many FCCO shares and deferred stock units does Thomas Carlton Brown hold after this transaction?

After the transaction, Brown holds 41,422 First Community equity interests in total. This figure includes common stock and 9,827 deferred stock units credited under the Non-Employee Director Deferred Compensation Plan, which accumulate additional units as dividend equivalents.

At what price were the new FCCO deferred stock units calculated for Thomas Carlton Brown?

The 1,004 deferred stock units were calculated using a reference price of $29.17 per share. This price reflects the consolidated closing bid price of First Community Corporation common stock on March 31, 2026, as specified in the plan terms.

How do dividend equivalents work on FCCO deferred stock units in Brown’s plan?

Deferred stock units in Brown’s plan receive dividend equivalents as additional units. During the first quarter of 2026, 48 extra deferred stock units were credited as dividend equivalents, and each unit will convert into one FCCO share upon distribution from the plan.

When will FCCO shares be issued for Thomas Carlton Brown’s deferred stock units?

Shares of First Community Corporation common stock will be issued on a one-for-one basis when deferred stock units are distributed. The plan specifies that each deferred stock unit converts into one share at distribution, aligning with the Non-Employee Director Deferred Compensation Plan terms.